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Feb 3, 2013
02/13
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he said they will cut the deficit by closing tax loopholes and making smart cuts in spending. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of it. >> more news later. now back to "to catch a predator." >>> they're stalking the chat rooms, then knocking on the door. welcome back to our latest investigation into computer sex predators. tonight we return to ft. myers, florida, where we've rented a home and equipped it with 13 hidden cameras. over the course of three days two dozen men arrive at the undercover house. most all the men we met had an excuse and some explaining to do. here again, chris hansen. >> he's coming around. >>> the men walking through our door range in age from 20 to 61 and come from very different backgrounds. but most of them say almost the same thing when i confront them. >> so this is the fir
he said they will cut the deficit by closing tax loopholes and making smart cuts in spending. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of it. >> more news later. now back to "to catch a...
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Feb 5, 2013
02/13
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were designed to be so painful they would force congress to come up with a smarter way to trim the deficit instead. but it didn't happen. house republicans point out they've passed the bill to replace the sequester with cuts to federal worker pay, food stamps, and other programs. democrats say that puts the burden on poor and middle-class americans to pay for debt reduction. >> remember, the american people still believe by an overwhelming margin that the rich should contribute to this. >> reporter: but republicans argue democrats have no plan for replacing the sequester beyond eliminating tax breaks from corporate jet owners and oil companies. >> these aren't real solutions, mr. president. they'regimmicks. >> reporter: the sequester was originally supposed to quick in last month, but a last-minute deal between the vice president and senator mcconnell, who you just saw, pushed it off for two months. since then, the will to enact a long-term deal appears, charlie and nora, to have evaporated. >> nancy cordes. >>> meantime, house majority leader eric cantor will be outlining a new agenda for
were designed to be so painful they would force congress to come up with a smarter way to trim the deficit instead. but it didn't happen. house republicans point out they've passed the bill to replace the sequester with cuts to federal worker pay, food stamps, and other programs. democrats say that puts the burden on poor and middle-class americans to pay for debt reduction. >> remember, the american people still believe by an overwhelming margin that the rich should contribute to this....
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to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st, and unfortunately that's the date when a series of harmful automatic cuts to job-creating investments and defense spend, also known as sequester, are scheduled to take effect. so, if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a
to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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Feb 6, 2013
02/13
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democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the wealthy. >> gretchen: so does that mean more taxes, too? new hampshire senator kelly ayotte joins us now with her thoughts. good morning to you, senator. >> good morning. >> gretchen: so what did you make of the president when he made that comment? >> what i made of it is this, that no question that we need to cut spending, get our fiscal house in order with $16 trillion in debt, but his first answer to everything is, new taxes. when you think about it, what happened in january, he got $600 billion in new revenue. where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> steve: what are the odds he was talking yesterday about how bad the sequester is. the sequester was the idea, it was the invention of the white house! >> well, it was. if you read bob woodward's book, he said it was their idea and by the way, today i'm going to be working with another group of
democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the wealthy. >> gretchen: so does that mean more taxes, too? new hampshire senator kelly ayotte joins us now with her thoughts. good morning to you, senator. >> good morning. >> gretchen: so what did you make of the president when he made that comment? >> what i made of it is this, that no question...
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Feb 5, 2013
02/13
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officials say congress needs more time to work out a 10 year plan worth more than one trillion and deficit reduction. >> jackie sissel the live in san francisco taking a look at the gas prices. >> they are going up. this past january was the second most expensive january ever for gasoline. the chevron and standards as the $3.95 as the guest for regular unleaded gasoline. it is up 24¢ in the last month. these numbers are brought to you by triple a, four california. $3.93 is the average. that is up 33¢ and last month, up 14¢ and as the last seven days. that puts us second only to hawaii as the most exquisite gas in the nation. in the bay area we are hovering around the california average. sampras's go $3.93, oakland $3.85, san jose $3.87. the big question is why are we paying so much for all of this gas? it is a multitude of reasons. one because the economy is doing well and speculators are driving up the cost of gas. the second is that the price of crude oil. it is up to 95 to zero hundred dollars a barrel. the third and probably biggest reason why we're paying so much right now is becau
officials say congress needs more time to work out a 10 year plan worth more than one trillion and deficit reduction. >> jackie sissel the live in san francisco taking a look at the gas prices. >> they are going up. this past january was the second most expensive january ever for gasoline. the chevron and standards as the $3.95 as the guest for regular unleaded gasoline. it is up 24¢ in the last month. these numbers are brought to you by triple a, four california. $3.93 is the...
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Feb 8, 2013
02/13
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. >> reporter: the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. >>> a tragic story. new details on the death of a new york city mom murdered in turkey. >> she was supposed to come back and she didn't. >> they must have luck on their side. ste stephen and terri weaver were on a weekend getaway and returned with two lottery tickets. are you kidding me? >> couldn't believe we won twice. couldn't believe we had won as much as we did. >> jesse, will you come out? >> a gentleman never kisses and tells. >> pucker up. all right. >> loser pays up. boy, is al roker paying right now. >> here's what's happening in your neck of the -- your neck of the woods. >> l.a. reid, the music mogul and jennifer hudson. >> katharine mcphee is inside our studio warm and toasty. >> you remember her, tiffani thiess thiessen, of "saved from the bell." >> john harbaugh is with us from new orleans. >> we were watching your show in the room. you guys do a great job. we love your show. >> yes, there are men on trampolines
. >> reporter: the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. >>> a tragic story. new details on the death of a new york city mom murdered in turkey. >> she was supposed to come back and she didn't. >> they must have luck on their side. ste stephen and terri weaver were on a weekend getaway and returned with two lottery tickets. are you kidding me? >> couldn't...
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. >> now, huge deficit in the state of california, and tax hike trying to fix it. we're learn that state is no longer makinga algebra a requirement for eighth graders, bad timing, they already have a hard time boein doing math. >> don't you love hypocrisy, politicians that california condition apply simple math, and now trying to dumb down the math system, if i was a smart family or business in california, i would take up rick perry's offer and move to texas with lower taxes and a better school system. >> adam, what do you make of this? >> it is this topic has nothingo with taxes. educators in southern california have a problem. students are not doing well in theira algebra classes they are following national standards that suggestion it might be better for students to wait, i think this is horrible. i would rather that everyone student in california hav algebra in eighth grade, that is the goal, the answer is get them prepared better, that is not just a tax issue, you could make it a tax issue. >so.liz: you are so humorless t. it flew over your head. >> i thought
. >> now, huge deficit in the state of california, and tax hike trying to fix it. we're learn that state is no longer makinga algebra a requirement for eighth graders, bad timing, they already have a hard time boein doing math. >> don't you love hypocrisy, politicians that california condition apply simple math, and now trying to dumb down the math system, if i was a smart family or business in california, i would take up rick perry's offer and move to texas with lower taxes and a...
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Feb 9, 2013
02/13
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. >> i believe the debt and deficit are crucial issues. that's why i am a republican. but the republican party has evolved. >> bill: i want you to announce on this program so we can have security remove you from the building at the same time. grab. >> i don't want to give a stump speech there is a fascinating argument to be made for a new kind of republican. someone who is not dogmatic and new jersey the kind of state. >> bill: run and we will see what happens. >> thank you. >> bill: menendez is through. >> junior senator. >> bill: he has done -- too much shady stuff with this doctor. i don't know what he did in the dominican republic and we'll find out what he did. even if he didn't do anything there. too much shady stuff with this doctor. he is now lost credibility. menendez has. and if he is forced resign, which i believe he may be. then christie is going to appoint a republican to take 34eus his place and there will be a special election, right? >> he would probably, i would guess appoint the man who lost in the race. if i were chris christie. >> bill: then there w
. >> i believe the debt and deficit are crucial issues. that's why i am a republican. but the republican party has evolved. >> bill: i want you to announce on this program so we can have security remove you from the building at the same time. grab. >> i don't want to give a stump speech there is a fascinating argument to be made for a new kind of republican. someone who is not dogmatic and new jersey the kind of state. >> bill: run and we will see what happens. >>...
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Feb 9, 2013
02/13
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WBAL
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meant to be so egregious that lawmakers would have to come to agreement on deficit reduction. but that hasn't happened. and time is running out. >> if the sequester is allowed to go forward, thousands of americans who work in fields like national security, education, or clean energy are likely to be laid off. >> reporter: the cuts would also amount to a 13% reduction for the military. >> this will badly damage our national defense and compromise our ability to respond to crises in a dangerous world. >> reporter: in washington, it's the same old sticking points with the president insisting the deal include new taxes. >> we sure as heck should be willing to ask those of us who are luckiest in society to close a few loopholes and deductions that the average american doesn't get. >> reporter: while republicans say it's time to reform entitlements and cut spending. >> we believe there's a better way to lower the deficit, but americans do not support sacrificing real spending cuts for more tax hikes. >> i think the chances of a deal to avert the sequester are less than 50/50 because
meant to be so egregious that lawmakers would have to come to agreement on deficit reduction. but that hasn't happened. and time is running out. >> if the sequester is allowed to go forward, thousands of americans who work in fields like national security, education, or clean energy are likely to be laid off. >> reporter: the cuts would also amount to a 13% reduction for the military. >> this will badly damage our national defense and compromise our ability to respond to...
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Feb 2, 2013
02/13
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but midway through that cut that back and went back to spending cuts and deficit reductions. critics say basically if they would have left it alone, if they would have left the economy alone it would have righted its own ship. the massive government spending of world war ii, that sucked a lot of people back into labor market at a terrible humanitarian cost got the economy back running. host: there have been some folks, part of the administration, part of the democrats that say infusing money and coming up with these stimulus projects will help get the economy going. is this a similar situation to what f.d.r. tried to do coming out of the great depression? guest: threrp definitely parallels between the stimulus law of 2009 and what f.d.r. wanted to do. one major difference was where the stimulus sort of relied on the private sector. they had is civilian conservation core. this time they've tried to put money into contracts that private firms will get and then hopefully hire private workers. i think the thing about the stimulus is i bet 80 years from now we'll be debating how e
but midway through that cut that back and went back to spending cuts and deficit reductions. critics say basically if they would have left it alone, if they would have left the economy alone it would have righted its own ship. the massive government spending of world war ii, that sucked a lot of people back into labor market at a terrible humanitarian cost got the economy back running. host: there have been some folks, part of the administration, part of the democrats that say infusing money...
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the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took his push for tougher gun laws to minneapolis, the city known as murderapolis in the mid '90s. >> weapons of war have no place on our streets or in our schools or threaten iing our law enforcement officers. >> reporter: against the backdrop of those officers, president obama urged supporters to call on congress to act. >> we don't have to agree on everything to agree it's time to do something. >> reporter: while both sides largely agree with a need for extended background checks, reinstating the assault weapons ban remains the most controversial effort. president obama is ignoring the nation's economic chall
the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took...
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Feb 1, 2013
02/13
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chronic sleep deficit. you add that, you know, those two with a family history and clearly she was ripe for a heart attack. >> what about you, eva? are you the one that had the aneurism? >> yes. >> tell us about that. >> so young too. >> that's the thing. i had type ii. i had a murmur, and i knew that does was not quite right in my heart, but they said you're okay now. come back in five years. i chose to ignore the fact that i needed to go back. i waited 13 years to go back to follow-up, and the murmur was just a little noise in my heart, but over those 13 years the aneurism on top of my heart continued to grow, and i wasn't aware of it. so when i finally did go back, they did discover that the aneurism was very large. >> you are very athletic, right? >> i like to exercise a lot, yes. >> a lot of this stuff is preventible. that's the funny thing. you can fix it from the outside, but oftentimes we don't think of it. what can people at home do if they're concerned about this? >> i think people need to know th
chronic sleep deficit. you add that, you know, those two with a family history and clearly she was ripe for a heart attack. >> what about you, eva? are you the one that had the aneurism? >> yes. >> tell us about that. >> so young too. >> that's the thing. i had type ii. i had a murmur, and i knew that does was not quite right in my heart, but they said you're okay now. come back in five years. i chose to ignore the fact that i needed to go back. i waited 13 years...
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Feb 6, 2013
02/13
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the w he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is rognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legislatio
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the w he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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the deficit. this year it will be below a trillion dollars, that's what the pundits focused on and ignored the grim reality. in fact, our debt is headed toward the worst levels in post war america. worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> first up this wednesday morning, gas prices, yes, they are still on the rise. national average for regular up more than a penny, now at 3.54. just in the past month the price of gas spiked about 25 cents a ga
the deficit. this year it will be below a trillion dollars, that's what the pundits focused on and ignored the grim reality. in fact, our debt is headed toward the worst levels in post war america. worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax...
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i think that everybody recognizes we have to reduce the deficit. the deficit is out of control. the only reason we've been able to sustain this level of deficit is because the fed prints money and buys 70%-75% of the country's debt. that can't continue. if you're going to address the issues -- you know, this peace meal, kicking the can down the road, a couple more months, a couple more months, people are sick of that. address entitlements. they are 60% of the budget. the president needs to lead on this with a budget with rational proposals, something to at least get a democrat to vote for it. the budgets so far don't get democrats on republicans' votes. we have to deal with the real problem here which is that we spend a whole lot more money than we bring in with 60% going to entitlements that do not survive if not revised. cheryl: you're a business owner, ran cko, close to insolvency, and you brought the company back. you know what you are talking about. how do you get job creation? more jobs in the country, more tax revenue coming into the government. it seems that whether it's
i think that everybody recognizes we have to reduce the deficit. the deficit is out of control. the only reason we've been able to sustain this level of deficit is because the fed prints money and buys 70%-75% of the country's debt. that can't continue. if you're going to address the issues -- you know, this peace meal, kicking the can down the road, a couple more months, a couple more months, people are sick of that. address entitlements. they are 60% of the budget. the president needs to lead...
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Feb 5, 2013
02/13
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and we had a debate whether we take a balanced approach to deficit reduction as you described. one that asks the wealthiest americans to pay a bit more while making sure we reduce spending and make responsible spending cuts without cutting the legs out from under the economy. and i'm sure mr. bernstein would agree that as the economist i heard when i was a member of the budget committee repeatedly say that you can't cut so much so fast because in a recovery that is already more fragile than we'd like to see, you want to make sure you don't slow or stall that recovery. that's what the republicans are risking. it's really -- you know, i wish and i know that americans across the country wish that there would just be a massive outbreak of responsibility in the republican conference so that we could bring them to the table, sit down, and work together to avoid massive spending cuts which they seem willing to allow to happen. >> a massive outbreak of responsibility. wouldn't that be a great occurrence? let me ask you, jared. you may agree, but senator mitch mcconnell clearly doesn't
and we had a debate whether we take a balanced approach to deficit reduction as you described. one that asks the wealthiest americans to pay a bit more while making sure we reduce spending and make responsible spending cuts without cutting the legs out from under the economy. and i'm sure mr. bernstein would agree that as the economist i heard when i was a member of the budget committee repeatedly say that you can't cut so much so fast because in a recovery that is already more fragile than...
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Feb 6, 2013
02/13
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we all want to fix the deficit problem. there's no question. but i think when they have a chance to look at this bill and understand what we're really facing, i don't think we're going to have a problem there. >> sir, how is this different from the proposal of a year ago? >> did we have the pay freeze? [laughter] >> it's different. obviously we had two different versions. the house as i understood it had the attrition of the work force that's in this component. in the senate last time we had a combination of -- instead of for every three positions that came open, only filling one. we had two and a combination of overall pay freeze across the federal government, for over a year. this is different. it combines both so we're on the same page. and we have the house proposal on the attrition and we've also added congressional pay freeze on it instead of the entire civilian work force. >> what makes you think that this time around, that speaker boehner's going to take up this proposal? >> i >> i would defer to others here and the chairman but there's
we all want to fix the deficit problem. there's no question. but i think when they have a chance to look at this bill and understand what we're really facing, i don't think we're going to have a problem there. >> sir, how is this different from the proposal of a year ago? >> did we have the pay freeze? [laughter] >> it's different. obviously we had two different versions. the house as i understood it had the attrition of the work force that's in this component. in the senate...
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rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk about the sequester. he will push for congress to pass a smaller package of spending cuts and tax reform to avoid the economically harmful consequences. he wants tax increases and spending cuts. the tax issue is closed, says the repub
rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate...
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Feb 8, 2013
02/13
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you go from the fiscal cliff to the deficit debate to sequestration. that is inherently disruptive to business investment. certainty is a good multiplier. we are these long cycle businesses that have global competition. i do not have the lecture he to say that i will quit investing for six months until this is reserved. -- resolved. i will keep going. the people who can hurt the worst by all of this are the small and medium businesses. the people that have no buffer. that get confused. these are the people that are the heart of the u.s. economy. they are the ones that are constantly being bombarded as we go from one to another. this can only be solved here. this is one of the few cases where the business roundtable of people speak with one voice. it would be great to get a resolution. >> there is a divide in the corporate side on the corporate tax front. large companies would benefit more from corporate tax reform, especially going to a territorial system, then smaller formirirms. it may be hard to convince americans that the president and congress sho
you go from the fiscal cliff to the deficit debate to sequestration. that is inherently disruptive to business investment. certainty is a good multiplier. we are these long cycle businesses that have global competition. i do not have the lecture he to say that i will quit investing for six months until this is reserved. -- resolved. i will keep going. the people who can hurt the worst by all of this are the small and medium businesses. the people that have no buffer. that get confused. these...
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Feb 6, 2013
02/13
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of 34 former players studied, 20 are were found to be normal, the other 14 diagnosed with cognitive deficits. >>> take a look at these amazing shots. canadian astronaut chris hatfield snapped these breath taking pictures of earth from the international space station. that is 250 miles above the planet's surface. since he had no direct internet connection, he's been sending the images through nasa to his son and evan then posts themselves online for his dad's twitter followers and space fans. >> you just don't get enough bars on the space station for the internet. >> i love the collaboration with his son. very cool. thank you. >>> 18 after the hour. we're getting an early read on your local news making national headlines and we'll start with this from colorado's reporter herald. 7-year-old alex says he can't believe he was dispended. his mother says he was actually suspended for trying to save the world from evil. the principal told her that alex threw a fake grenade during recess. she says he didn't have anything in his hands. he made no threats. he was simply using his imagination. the scho
of 34 former players studied, 20 are were found to be normal, the other 14 diagnosed with cognitive deficits. >>> take a look at these amazing shots. canadian astronaut chris hatfield snapped these breath taking pictures of earth from the international space station. that is 250 miles above the planet's surface. since he had no direct internet connection, he's been sending the images through nasa to his son and evan then posts themselves online for his dad's twitter followers and space...
SFGTV2: San Francisco Government Television
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Feb 7, 2013
02/13
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i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and understand and treat them. it's a small percentage. my goal is to develop better treatment so they can keep them off that trajectory towards life course persistent problems. >> are you saying that people that have the brain structure that you have identified will always be lacking in volitional control or impulse receive to the extent that they are criminals? do we have a subset of people that are criminals because of their brains? >> i should really differentiate psychopathy from criminality. there are a lot of reasons why individuals engage in different criminal activity. it's a very small percentage of p
i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and...
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Feb 9, 2013
02/13
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KRON
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have cut jobs we made responsible cups the and manageable changes to the tax cut bill bring down our deficit. this time congress should taps de more intense series of cuts. automatic across-the-board spending cuts and that a sequester are set to take effect on march 1st. if the cuts aren't averted the military middle-class families and the economy could suffer. new data shows that puerto was a record year for four california wine grape growers. they had more than 4 million t of rice last year. 20 percent more red wine grapes compared to 2011. the average price for all grades across california also shot up 25%. to $734 per ton. in napa county grace were more pricey of $3,600 per ton. americans are sweet for valentine's day, and americans are spending big time. $80.6 billion will be sent on valentine's day gifts. men will spend twice as much as the woman. an average of $131 per valentine's day gift. americans will spend 1.6 billion on candy 1.9 billion on flowers and 4.8 billion on down has a for jewelry. but let's check in with our own valentine jan. this is the channel phoenix from a land ca
have cut jobs we made responsible cups the and manageable changes to the tax cut bill bring down our deficit. this time congress should taps de more intense series of cuts. automatic across-the-board spending cuts and that a sequester are set to take effect on march 1st. if the cuts aren't averted the military middle-class families and the economy could suffer. new data shows that puerto was a record year for four california wine grape growers. they had more than 4 million t of rice last year....
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as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets, none of which have ever come to balance. the house republicans have acted responsibly, our budget is yet to balance, so what we will do is put together a budget that balances in a ten-year time. all it does tomorrow it says to the president tell us when you'ryourbudget balances. it is important to do that because we have our principled solutions with the program. liz: used a dozen state when the budget would be balanced, is that it? >> we have had to end dollars deficit of the past four years in the past for budgets by this president have never come into balance ever in the 75
as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets,...
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Feb 6, 2013
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year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank you, madam chairman. i ask unanimous consent to claim time in opposition even though i am not. the chair: the gentleman is recognized. mr. van hollen: thank you, madam chairman. i think it's very useful to let everybody in the country know exactly what the debt and deficit will be on a per capita basis. we in congress can of course do the math. i think it's no problem asking the president to run that calculation as well. again, i want to emphasize the fact there is agreement on reducing the deficit. the real differences here are over how we do
year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank...
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Feb 6, 2013
02/13
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it shows the city will accumulate a $745 million budget deficit over the next decade pause of a growing gap -- because of a dproaing gap in how much the city earns and how much it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philly. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> it was a party bigger than anything we have ever seen. more than 200,000 people gathered to celebrate the super bowl champions, the baltimore ravens. you better believe, though, a big story was traffic congestion. it caused huge delays. in fact, the players, the coaches, the lombardi trophy, that's why they were late to start the parade in the first place. they finally made it to the start of city hall where things kicked off and with the help of the maryland national guard
it shows the city will accumulate a $745 million budget deficit over the next decade pause of a growing gap -- because of a dproaing gap in how much the city earns and how much it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in...
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Feb 5, 2013
02/13
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change in deficits on the alternative fiscal scenario. it's on the right income on page 33 just above the memorandum lines. and you can see on the far right side that that set of policies would add $2.088 trillion of deficits over the decade, it would be about $450 billion of debt service, so the deficit as hell would be about two and a half trillion dollars more. -- then we shall in the basement of the alternative scenario includes all of the pieces essentially of our previous alternative scenario that have not now been enacted in law or allowed to expire. so it includes the effect of this tax provisions are still scheduled to expire. it includes the effect of the sequestered, and it includes the effects of medicare payments to physicians. >> [inaudible] >> so i don't think there's a simple answer to the question about why more revenue will be collected. our income tax system left to its own devices will generally show over time and larger share of income being collected, impacts, because it would sometimes known as real bracket increase
change in deficits on the alternative fiscal scenario. it's on the right income on page 33 just above the memorandum lines. and you can see on the far right side that that set of policies would add $2.088 trillion of deficits over the decade, it would be about $450 billion of debt service, so the deficit as hell would be about two and a half trillion dollars more. -- then we shall in the basement of the alternative scenario includes all of the pieces essentially of our previous alternative...
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Feb 6, 2013
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congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and local congressmen are concerned about the impact on our economy. >> and sequestration will hurt not only the defense side but the non-defense side. my committee funds the f.b.i. there will probably be furloughs at the f.b.i. there will be furloughs potentially at the national cancer institute, at nih. this thing has ramifications for defense and non-defense. >> reporter: the cuts were originally scheduled to kick in january 1st because congress couldn't grow on a broad package to reduce the deficit several times in 2011 and 2012 in excomping for republicans agreeing to
congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and...
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but that we're looking at the smallest budget deficit since president obama has been in office, well under $1 trillion at $845 billion. and they say federal revenue, going up 25% in part because of that fiscal cliff deal. >>> well, a major decision expected from the boy scouts of america. national board members set to vote on whether to leave the decades-long ban on gay leaders and scouts. in texas, it is a controversial issue drawing fire from both sides and putting one of the country's largest youth organizations under a microscope. president obama said over the weekend scouting should be open to everyone while texas governor rick perry expressed the opposite opinion. local scout units will be able to decide on whether to leave gays to their ranks. and on the heels, the pentagon is announcing a policy shift. leon panetta is expected to expand some benefits to granting access to various spots on bases are said to be included. however, it remains droughtful that mental, dental, housing allowances would be offered under the new proposal. an extension of those benefits would require an
but that we're looking at the smallest budget deficit since president obama has been in office, well under $1 trillion at $845 billion. and they say federal revenue, going up 25% in part because of that fiscal cliff deal. >>> well, a major decision expected from the boy scouts of america. national board members set to vote on whether to leave the decades-long ban on gay leaders and scouts. in texas, it is a controversial issue drawing fire from both sides and putting one of the...
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Feb 4, 2013
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the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the s
the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president...
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Feb 5, 2013
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is recognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legisl
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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deficit reduction is not a priority. martha: the president believes the economy is getting back on track. so let the folks decide. stuart, thank you very much. gregg: according to the cbo. by the end of the year the federal debt held by the american people will be 76% of the gdp and it doesn't get much better from there. martha: the cbo also predicting unemployment will be with us for some time to come. here is the director of the cbo. >> under current law we expect the unemployment rate will remain above 7.5%. that would make 2014 the 6th year in a row with unemployment so high. the longest such period in 70 years. martha: the unemployment rate has been above 7% since december of 2008. and most recent monthly number ticked up from 7.9% from 7.8%. not a good trend. when you look at some of these numbers it makes it a tough argument for economic recovery. but the president remains convinced we are starting to see it. gregg: poverty is up. incomes are down. so the arrow is going the wrong way. in the meantime president oba
deficit reduction is not a priority. martha: the president believes the economy is getting back on track. so let the folks decide. stuart, thank you very much. gregg: according to the cbo. by the end of the year the federal debt held by the american people will be 76% of the gdp and it doesn't get much better from there. martha: the cbo also predicting unemployment will be with us for some time to come. here is the director of the cbo. >> under current law we expect the unemployment rate...
SFGTV2: San Francisco Government Television
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Feb 5, 2013
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by playing on the republican field of deficits and debts instead of joblessness or say we're all trying to compromise, you make people feel everyone is equally involved in a gridlock that has led to a point where congress has a lower popularity rating than the banks. that is a feat. 9%. it is dropping even though there are good people inside the congress. there is a progressive congress. they put out a people's budget. bernie sanders has exposed the fed giving out trillions of dollars in addition to the tarp bailout. >> barney frank has taken a hike. >> that is worth talking about. you see in this congress michele bachmann and michele bachmann one of these -- wannabe's. there are fights about redistricting. >> use of the one strength the president obama, his rhetorical skill, is not sufficient. >> it has not been used at the scale necessary in this time of crisis. america is in a crossroads. this is a moment comparable to coming out of the great depression. this was a moment coming out of the financial crisis when tectonic shifts are under way in this country. hope is not a policy. poli
by playing on the republican field of deficits and debts instead of joblessness or say we're all trying to compromise, you make people feel everyone is equally involved in a gridlock that has led to a point where congress has a lower popularity rating than the banks. that is a feat. 9%. it is dropping even though there are good people inside the congress. there is a progressive congress. they put out a people's budget. bernie sanders has exposed the fed giving out trillions of dollars in...
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Feb 7, 2013
02/13
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some of that can be used for deficit reduction. would be a lot more appealing than other taxes or cuts in entitlements, those are very difficult measures. >> a cost to carbon, and the one of those proposals, do you think that happens during the second term of the obama administration? >> i hope it will. it is a long shot because of the opposition from some republicans. a secretary, secretary schulz, a secretary of state and economic adviser under nixon and reagan, he supported the idea of a tax. a lot of republicans said, let's tax carbon and use the tax money to reduce other taxes, like corporate taxes. let's do something to move the incentives away from adding more greenhouse gases into the atmosphere. >> a democratic caller. >> good morning, c-span. the morning. that last caller, i am thankful for guys like you. i am appreciative. unfortunately, the message we are trying to get across is that global warming, how it affects the jet streams and the weather and how that intern causes climate change. the knuckle draggers you were ju
some of that can be used for deficit reduction. would be a lot more appealing than other taxes or cuts in entitlements, those are very difficult measures. >> a cost to carbon, and the one of those proposals, do you think that happens during the second term of the obama administration? >> i hope it will. it is a long shot because of the opposition from some republicans. a secretary, secretary schulz, a secretary of state and economic adviser under nixon and reagan, he supported the...
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Feb 6, 2013
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our deficits are financed by treasury bonds. most of which are being purchased by the fed with newly created money. this drives up the price of bonds and keeps interest rates artificially low, seniors on fixed incomes who have saved their whole lives now cannot make a fair market on their interest for their savings. in addition to squeezing the incomes of our seniors, creating money to fund deficits also drives up prices which has a disproportionate adverse effect on seniors, on the poor, and on middle income families. creating money out of thin air to fund the president's spending must stop. the first step is to stop the reckless spending by having the president present a plan to balance the budget. this is a simple request with no reasonable excuse for opposition. i support h.r. 444, the require plan act, to protect our seniors, the poor, and middle income families. i yield back. the chair: the gentleman yields back. the gentleman from maryland is recognized. mr. van hollen: madam chairman, again we have heard a number of the
our deficits are financed by treasury bonds. most of which are being purchased by the fed with newly created money. this drives up the price of bonds and keeps interest rates artificially low, seniors on fixed incomes who have saved their whole lives now cannot make a fair market on their interest for their savings. in addition to squeezing the incomes of our seniors, creating money to fund deficits also drives up prices which has a disproportionate adverse effect on seniors, on the poor, and...
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Feb 6, 2013
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it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal service. second to that, yes, all of us are using e-mail and paying our bills online. and therefore first class mail has dropped off a cliff. however, package delivery has increased dramatically because you and i are shopping online and all of those packages are sent to our homes. so that's been up 14% over two years. so in the view of many, this is the postal service trying to force the hand of congress. congress has had this on their agenda for years and has failed to act, even though the postal service year after year after year comes out a
it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal...
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Feb 1, 2013
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guest: we usually do not talk about trust deficits. talk about trade, budget deficits, things we can measure. i'm talking about a breakdown of trust in american society, in particular in the institutions that make our economy go. when you look at measures of trust from surveys like a gallup or the pugh institute -- the pew institute, or even newspapers, congress, large corporations, banks, public schools, they have all been going down for many years. for a lot of them, this decline in trust was intensified leading up to and going into the financial crisis. there are a lot of reasons for these things we can talk about. what we were trying to get at in the story that -- is that this matters to the economy, and trust breaks down. there was nobel prize-winning economist who 40 years ago said that every commercial transaction has within it an element of trust. when you trust your counter party, you're more likely to engage in a transaction. when trust begins to fray, and people become suspicious of each other and each other's intentions, it
guest: we usually do not talk about trust deficits. talk about trade, budget deficits, things we can measure. i'm talking about a breakdown of trust in american society, in particular in the institutions that make our economy go. when you look at measures of trust from surveys like a gallup or the pugh institute -- the pew institute, or even newspapers, congress, large corporations, banks, public schools, they have all been going down for many years. for a lot of them, this decline in trust was...
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Feb 7, 2013
02/13
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and i believe we're for fiscal discipline, managing down the debt and deficit for a reason because we don't want a debt crisis to implode this country and our economy because if you see interest rates jack up because all of a sudden our debt is unsustainable. that means families will have to pay more every month in their mortgage and eventually see taxes go up even further because we have to pay off more debt. >> greta: how do you get that message out to the american people? i realize you go on cable shows, but we go on every single cable show and reach a universe of 7 million people. how are you going to get that out to the american people? >> one thing we require the nate to do a budget the first time in four years and as you know, if they don't do a budget they don't get paid. all of a sudden, senator schumer and others are saying we're going to do a budget. great. now we can talk about their prescription of managing down the deficit and the debt and see what it is that they're calling for. we also passed a bill in the house today that required plan act and said that the president
and i believe we're for fiscal discipline, managing down the debt and deficit for a reason because we don't want a debt crisis to implode this country and our economy because if you see interest rates jack up because all of a sudden our debt is unsustainable. that means families will have to pay more every month in their mortgage and eventually see taxes go up even further because we have to pay off more debt. >> greta: how do you get that message out to the american people? i realize you...